The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Korean President Yoon Suk-yeol’s visit to the US should serve as a catalyst to strengthen the two countries’ SMR partnership. Elsewhere, SMR developer Holtec has signed an SMR deal with Ukraine’s E
The Bank of Korea announced that KRW’s value vis-à-vis USD fell 7.4 percent in February, when the average value of 34 currencies fell 3 percent in relation to USD. A full 40 percent of the 7.4 percent decline is attributable to South Korea’s trade deficit.“The volatility of KRW is on the increase th
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Policy to expand the number of NPPs is appearing rapidly in Europe and the US. Backed by the introduction of SMRs, this movement is on track for further acceleration.EU energy market for first week
As a world-leading consumer electronics company, LG not only innovates to make life better for all, but also to invent completely new lifestyles. But for the company to accomplish its ambitious goals, it requires its partners from around the world to help in its pursuit of superior technologies and
LG Energy Solution will seek lithium hydroxide production in Morocco with a Chinese company. Morocco is a country that has signed a free trade agreement (FTA) with the United States. The North African nation also has a logistical advantage as a bridgehead to the European market.However, if the Unite
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.Although the decision to raise electricity and city gas rates in 2Q23 has been put on hold, investment focused on the need for rate hikes remains valid.EU energy market in last week of MarchOver M
HiteJinro announced on March 27 that its soju exports hit an all-time high of US$120 million last year with a year-on-year increase of 16.4 percent.The company initiated its soju globalization in 2016 and its soju exports have increased since then. For the last five years, the exports showed an aver
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhgv.com -- Ed.A hydrogen production project using nuclear power plants has begun in the US. Also, X-energy is strengthening cooperation with Dow.EU energy market for third week of MarchOver Mar 12~18, the EU’s p
The ABB FIA Formula E World Championship returns from its short four-week break with another premiere. After debuts in Mexico, India and South Africa, Brazil will now host the fully-electric racing series for the first time on 25th March. The drivers and the Hankook iON Race, the new standard Formul
CEO Hwang Joo-ho of Korea Hydro & Nuclear Power (KHNP) gave a keynote speech on the theme of “sustainable economic changes” in Africa through nuclear power in the Africa Nuclear Business Platform Conference 2023 held in Kampala, Uganda, on March 15 (local time).The Ugandan government hosted the even
The Life Science Division of LG Chem is expected to rack up 1.2 trillion won (US$915 million) in sales this year backed by the growth of the Chronic Disease Department and the Special Disease Department.The Life Science Division’s sales for 2022 are estimated at 910 billion won (US$694 million) on a
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.With natural gas prices stabilizing, the city gas price hike burden is projected to ease.EU energy market for second week of MarchOver Mar 5~11, the EU’s power generation shrank 1.9% w-w to 51.5TW
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
At Mobile World Congress (MWC) Barcelona 2023, Huawei took home multiple GTI Awards.Huawei's Green Target Network program scooped the GTI Innovative Breakthrough in Mobile Technology Award and Outstanding Award, while its 5G Smart Ocean project won the GTI Market Development Award for its outsta
The Chinese government announced that it would permit group travel to 40 countries on March 15. The 40 includes Nepal, Vietnam, France, Greece, Spain, Chile, and Uruguay, and does not include South Korea. The Chinese government previously permitted group travel to a selection of 20 countries, includ
Hyundai Engineering held a completion ceremony for the phase 1 construction of the Lemba-Imbu Water Purification Plant in the Kimbanseke area of Lemba-Imbu, southeast of Kinshasa, the capital of the Democratic Republic of the Congo (DR Congo) in Africa on March 4.Hyundai Engineering broke ground for
The weight of overseas orders to Korean construction companies is shifting from the Middle East, a traditional strong source of contracts, to Asia.According to the International Contractors Association of Korea on Feb. 22, Asian orders were the largest at about US$12.2 billion among total overseas o
The KF-21 Boramae, a Korean fighter jet, overcame the U.S. government’s refusal to transfer technology and started flying with an active electronically scanned array (AESA) radar of Korea’s own development. AESA radar is like the eye of fighter jets.According to Hanwha Systems on March 6, the KF-21
During the 2023 Mobile World Congress (MWC 2023), Huawei successfully held its 5th Industry Digital Transformation Summit, bringing together global industry customers, partners, and opinion leaders to discuss how digital technologies will affect our future - from the development of the world economy
Busan City Mayor Park Heong-joon met with Lesotho King Letsie III on Feb. 24. The South Korean presidential envoy is scheduled to visit three African countries to ask them to help the city become the 2030 World Expo venue.The South Korean government is planning to open vocational training centers, i